Sales holding up - just

Raymarine have maintained group sales of £115.3m for the ten months ended 26 October 2008. For the same period in 2007 group sales were £117.4m.

A number of new company introductions this year including the recently launched A Series multifunction display range, designed specifically for the smaller boat and aftermarket, new generation course computers and SuperHD Digital radar have helped with buoyant sales.

Tony Osbaldiston, Finance Director at Raymarine, said, “These figures are in line with our trading expectations as outlined in our last trading update in October. The economic outlook for 2009 remains uncertain which is why we have taken sensible steps now to reduce costs going forward. The company has a robust programme of new product launches in place for 2009 and beyond which will appeal to boat owners whether new buyers or those looking to benefit from the significant moves in technology migration.”